Lazy Trade Forex Trading Strategy Version 2 For MT4
The Lazy Trade Forex Trading Strategy Version 2 For MT4 is a powerful reversal trading method based on Heiken Ashi and 200 EMA. The 200 EMA is our trend reference line. When the asset price is well above the 200 EMA, the trend is up and if it trades below the 200 EMA, the trend is down. But to the use of this strategy, you cant use the minute time chart.
We have to use this trading method in the H1 or above time frame only. Choosing it to trade the minute time frame will result in false signals. Since the strategy mechanically draws the pivot level, it's better to start trading with the 4 hours time frame and above. But still, you can trade a 1-hour time frame but that you must use the PA signals at the pivot levels.
The buy orders are triggered grounded on the Heiken Ashi colored candles. The candles will turn to blue as the price hits a major support level. If you take special care of the chart, you will see the auto pivot point is matching a few significant lows in the chart. And the candlestick must be trading well above the 200 EMA. If the checks are perfect go for the long trade by placing the stop below the pivot levels.
The short trades are taken when the Heiken Ashi candlestick changes from blue to red. This transition occurs as the currency pair price test a major resistance or the auto pivot levels. Please note that the price must be trading well below the 200 EMA to take the short trades. As the conditions are matched take the short trade with a stop above the resistance line.
Take profit should analyze based on the risk to reward ratio. The minimum RR ratio for this strategy is 1:3. But a good signal can help you to secure a 1:5+ RR ratio. The maximum risk you are allowed to take grounded on this strategy is 3%. And try to use a low leverage account while utilizing this trading method as a high success rate often force you to trade with big volume.
Download the complete system description and the files here:
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
